In 2024, Daido Steel completed a corporate carbon footprint assessment and publicly disclosed its greenhouse gas (GHG) emissions according to the GHG Protocol, covering Scope 1 (direct emissions from owned or controlled sources), Scope 2 (indirect emissions from purchased energy) and Scope 3 (indirect emissions across the value chain).
Daido Steel has also provided a category-level breakdown for 8 out of 15 Scope 3 emissions categories, offering greater transparency into its value chain emissions.
| Metric (tCO2e) | 2024 | 2023 | 2022 | 2021-2019 |
|---|---|---|---|---|
Total Scope 1 | 384,295a | N/A | 367,000c | |
Total Scope 2 | ||||
Unspecified Calculation Method | 521,449a | N/A | 457,000c | |
Total Scope 3 | 1,368,189a | 1,441,000b | 1,451,000c | |
Total Scope 1 Revenue Intensity (tCO2e/$M) | 100.5898a | N/A | 84.5469c |
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In 2024, the total operational greenhouse gas (GHG) emissions of Daido Steel amounted to 905,744 metric tons of CO2 equivalent. This figure includes both direct emissions from owned or controlled sources (Scope 1) and indirect emissions from purchased energy (Scope 2).a
Compared to 2023, the total operational greenhouse gas (GHG) emissions of Daido Steel increased by ∞%, suggesting that the company faced challenges in reducing its emissions from its core operations.a
In 2024, the total Scope 1 emissions of Daido Steel were 384,295 metric tons of CO₂ equivalent (tCO₂e).a
Since 2022, Daido Steel's Scope 1 emissions have increased by 4.71%, reflecting a rising long-term trend in Scope 1 emissions over time.ac
In 2024, Daido Steel reported Scope 2 greenhouse gas (GHG) emissions of 521,449 tCO₂e without specifying the calculation method.a
Since 2022, Daido Steel's Scope 2 greenhouse gas (GHG) emissions (Unspecified Calculation Method) have increased by 14.1%, reflecting a rising long-term trend in Scope 2 emissions over time.ac
In 2024, Daido Steel reported its Scope 2 emissions using an unspecified methodology.a
In 2024, Daido Steel reported 1,368,189 metric tons of CO₂ equivalent (tCO₂e) of Scope 3 greenhouse gas (GHG) emissions, representing indirect emissions across its upstream and downstream value chain.a
The 2024 disclosure of Daido Steel includes a breakdown across 8 of the 15 Scope 3 categories defined by the GHG Protocol, matching the level of disclosure in 2023, demonstrating consistent Scope 3 emissions reporting coverage year over year.a
In 2024, Daido Steel reported total Scope 3 emissions of 1,368,189 metric tons of CO₂ equivalent (tCO₂e).a
Approximately 100% of these emissions originated from upstream activities such as purchased goods and capital goods, while 0% came from downstream activities like product use, distribution, and end-of-life treatment.a
Since 2022, Daido Steel's Scope 3 emissionshave remained relatively stable, indicating that Daido Steel's emissions have plateaued with no significant change in its value chain footprint.ac
Compared to the previous year (2023), Daido Steel's Scope 3 emissions remained relatively stable, indicating that Daido Steel's emissions have plateaued with no significant change in its value chain footprint.ab
In 2024, Daido Steel reported emissions for 8 out of the 15 Scope 3 categories defined by the GHG Protocol.a
This partial disclosure allows for some insight into the company's indirect impacts.
In 2024, the largest contributors to Daido Steel's Scope 3 emissions were:a
In 2024, Daido Steel reported Scope 1 greenhouse gas (GHG) emissions of 384,295 tCO₂e and total revenues of USD 3,820 millions. This translates into an emissions intensity of 100.59 tCO₂e per millions USD.a
In 2024, Daido Steel reported a Scope 1 emissions intensity of 100.59 tCO₂e per millions USD. Compared to the peer group median of 585.88, this places the company below its industry benchmark, indicating it is more carbon-efficient than most competitors.a
In 2024, Daido Steel ranked 10 out of 23 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCO₂e per millions USD).a
Daido Steel is therefore positioned in the mid-range of its industry, neither a clear leader nor a laggard in carbon efficiency.a
In 2024, Daido Steel reported a total carbon footprint of 2,273,933 metric tons of CO₂ equivalent (tCO₂e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 57.8% increase compared to 2023, suggesting a rise in emissions across its operations or value chain.ab
The largest contributor to Daido Steel's total carbon footprint was Scope 3 emissions, accounting for 60.17% of the company's total carbon footprint, followed by Scope 2 emissions at 22.93%.a